The Markham real estate market kicked off 2026 with clear signs of adjustment, reflecting broader GTA trends while maintaining its position as one of the most resilient and in-demand markets in the region.

As top REALTORS® in Markham and across the GTA, Michael John Lau and Neeraj Moolchandani of the Kaizen Real Estate Team closely monitor local market data to help buyers and sellers make confident, well-timed decisions. January 2026 provided valuable insight into pricing, inventory, and negotiation power, especially for those planning a move this year.

Let’s break down what the numbers mean specifically for Markham homeowners, buyers, and investors.

GTA REALTORS® January 2026 Snapshot (Context)

Before zooming into Markham, here’s the broader GTA picture released by GTA REALTORS®:

• 3,082 home sales in January 2026
  ⬇️ Down 19.3% year-over-year

• 10,774 new listings
  ⬇️ Down 13.3% compared to January 2025

• MLS® HPI Composite
  ⬇️ Down 8% year-over-year

• Average GTA selling price: $973,289
  ⬇️ Down 6.5% year-over-year

Month-over-month, sales slowed from December while new listings ticked slightly higher, signaling a market that is becoming more balanced.

Markham Real Estate Market Statistics – January 2026

Markham continues to outperform many GTA areas in price stability and buyer demand.

📊 Key Markham Market Data

• Home Sales: 163

• Dollar Volume: $179,453,992

• Average Sale Price: $1,100,945

• Median Sale Price: $1,095,000

• New Listings: 491

• Active Listings: 769

• Months of Inventory: 4.7

• Sales-to-New-Listings Ratio (SNLR): 34.5%

• Average Sale-to-List Price: 97%

• Average Days on Market (LDOM): 40 days

• Average Property Days on Market (PDOM): 60 days

What These Numbers Mean for Markham Buyers

January 2026 has opened one of the most strategic buying windows Markham has seen in recent years.

Why Buyers Have More Leverage Right Now

• 4.7 months of inventory provides more choice and less emotional pressure

• 97% sale-to-list ratio signals realistic pricing and room for negotiation

• Longer days on market allow for inspections, financing conditions, and smarter decision-making

Buyers are no longer forced into bidding wars across most property types, especially townhomes, older detached homes, and properties requiring updates.

💡 Buyer takeaway:
This market rewards prepared, patient buyers. Strong negotiation, neighborhood-level pricing knowledge, and access to off-market or pre-market opportunities can lead to meaningful savings in Markham.

What These Numbers Mean for Markham Sellers

Markham sellers still hold significant equity, but today’s market punishes overpricing and poor strategy.

What’s Working for Sellers in 2026

• 34.5% SNLR confirms a balanced market, not a downturn

• Homes priced accurately are still selling within reasonable timelines

• Properties with strong presentation, updates, and location continue to outperform

What’s Not Working

• Testing the market with aspirational pricing

• Ignoring comparable sales from the last 30–60 days

• Minimal staging or weak digital marketing

💡 Seller takeaway:
Success now depends on data-driven pricing, professional marketing, and experienced negotiation. The “list high and wait” strategy no longer works in Markham.

Is Markham a Buyer’s or Seller’s Market in January 2026?

Markham is firmly in balanced-market territory.

• Below 30% SNLR: Buyer’s market

• 30%–60% SNLR: Balanced market

• Above 60% SNLR: Seller’s market

At 34.5%, Markham offers fair conditions for both sides, making it one of the healthiest and most predictable markets in the GTA.

Why Markham Continues to Hold Strong

Despite slower GTA-wide activity, Markham remains one of Ontario’s most desirable real estate markets due to:

• Top-ranked schools

• Strong employment hubs

• Family-friendly neighborhoods

• Long-term appreciation potential

• Continued demand for detached and freehold homes

These factors help cushion price declines and keep qualified buyers active, even during market adjustments.

2026 Outlook for Markham Real Estate

According to the TRREB 2026 Market Outlook and Year in Review, the year ahead is expected to feature:

• Gradual stabilization in pricing

• Improved affordability as borrowing costs ease

• More listings entering the market

• Increased activity in the second half of 2026

For Markham specifically, well-located and well-priced homes are expected to remain competitive.

Why Work With Markham Real Estate Experts?

Navigating a shifting market requires more than headlines, it requires local expertise and real negotiation skill.

Michael John Lau and Neeraj Moolchandani, recognized as top REALTORS® in Markham and the GTA, help clients:

• Accurately price homes using hyper-local data

• Identify undervalued opportunities

• Protect equity during market transitions

• Strategize for divorce, estate, upsizing, downsizing, and investment sales

Their approach focuses on clarity, strategy, and results, especially in balanced or uncertain markets.

Thinking of Buying or Selling in Markham?

Whether you’re planning to buy your first home, sell a family property, or invest strategically, understanding Markham’s January 2026 market data gives you an edge.

📞 Talk to the Kaizen Real Estate Team today
Get a personalized market breakdown and strategy tailored to your specific Markham neighborhood.

 Frequently Asked Questions

Is Markham a buyer’s market in January 2026?

Markham is considered a balanced market, with a 34.5% sales-to-new-listings ratio and 4.7 months of inventory.

What is the average home price in Markham in January 2026?

The average selling price in Markham was $1,100,945, with a median price of $1,095,000.

Are Markham home prices dropping?

Prices have adjusted slightly year-over-year but remain strong compared to the broader GTA due to consistent demand and limited supply.

How long are homes taking to sell in Markham?

Homes spent an average of 40 days on market, with total property exposure averaging 60 days.